New Mexico

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Survey findings and summary

Thumbtack, in partnership with the Ewing Marion Kauffman Foundation, has released
New Mexico's results from the third annual Thumbtack.com
Small Business Friendliness Survey. The study, drawing upon data from over 12,000
small business owners, provides new insights into state and local business
environments across the nation.

"After a two-month survey of thousands of small business owners nationwide,
we've heard directly from New Mexico's small businesses that the state could do more to support them," says Jon Lieber, Chief Economist of
Thumbtack. "Creating a business climate that is welcoming to small, dynamic
businesses is more important than ever, and New Mexico isn't quite there yet."

Some of the key findings for New Mexico include:

Small business owners were very happy with the training programs available to them, giving the state an A grade on that metric.

Despite this, the state earned a grade of D+ for its overall friendliness towards small business.

Female entrepreneurs in New Mexico rated the friendliness of their state government 11 percent higher than their male counterparts.

New Mexico did well in its regulatory friendliness, earning a B grade, including an A grade for the friendliness of its licensing.

New Mexico rated 3rd in the country for small businesses saying that taxes were easy to comply with.

The top rated states overall were Utah, Idaho, Texas, Virginia and Louisiana. The lowest rated were Rhode Island, Illinois, California, Connecticut and New Jersey.

A copy of the survey's full methodology and analysis paper is available upon
request. Please email Thumbtack's Chief Economist, Jon Lieber, at
jon.lieber@thumbtack.com for a copy
of the paper and with any questions or comments you might have.